IFC’s $25 Million Investment in Nations Trust Bank to Help Sri Lankan Businesses Continue Operations, Preserve Jobs Amid COVID-19
The financing package will be used by Nations Trust Bank to help small and medium sized enterprises and corporates to stay afloat during the ongoing public health crisis.
IFAD to Support Rebuilding Bangladesh's Microenterprises
The International Fund for Agricultural Development will provide Bangladesh with a loan of $ 18.07 million to rebuild microenterprises as well as to support smallholders affected adversely by the COVID-19 pandemic.
Africa’s Mobile Money Industry Keeps Growing Despite COVID-19
Africa is at the forefront of a digital financial transformation as the continent leads the world in mobile money inclusion.
Introducing a New Fund to Help Women Entrepreneurs During COVID-19
While economies around the world are reeling from the pandemic’s impact, some segments are disproportionately affected. This is particularly the case for women-owned micro, small and medium enterprises.
Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring
Through this partnership FinScore will intensify its focus on delivering alternative credit scoring to help financial institutions reduce high default rates and prevent fraudulent activity.
Banque Populaire Launches Microfinance Program for Moroccan Women
The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.
Apply for the EUR 100,000 European Microfinance Award 2021
Application deadline is 13 April 2021, 23:59 pm CET
Jamaica Plans to Launch Central Bank Digital Currency in 2022
The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic.
IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs
The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.
Grameen America Raises $17.5 Million for Second Microfinance Fund
The nonprofit’s new $17.5 million impact fund will specifically focus on supporting underserved women business owners impacted by COVID.